On Legal Regulation Of Social Auditing In Commercial Bank Regulatory System

Commercial bank is the most important part in one country's financial system. For the tremendous influence of financial crisis, the governments get to a common view to take strict precautions against financial risk. As the biggest developing country in the world, Chinese government is making great efforts to improve the efficiency of risk control from the view of banking supervision. But there are still some shortages and deficiencies in our banking supervision system. From my personal view, the auditing of banks by independent CPA would bring some fresh approach to Chinese banking.Theory and practice of independent auditing of commercial bank are discussed in the part one. Then addressed two questions that why the commercial banks should be audited by the independent CPA and what position the external audit of commercial banks would be in banking supervision system. After analyzing the relations between the independent auditing and the government auditing as well as the banking supervision organization, drawing on the experience of western countries, we summarized the legal perfection on independent auditing of commercial bank in china at the last part. According to the Basle Committee on Baking Supervision 《Core Principles on Effective Banking Supervision 》,external auditing by independent CPA has been an international usual practice in banking supervision ,and implemented by most countries. So the enforcing of it will make valuable contributions to our banking supervision legal system and financial internationalision.